U.S. shale output seen posting ninth straight monthly rise: EIA

15 Aug 2017   Shale Oil

U.S. shale oil production for September which includes a new regional data input, is forecast to rise by 117,000 barrels per day to 6.15 million bpd, its ninth consecutive monthly rise, the U.S. Energy Information Administration said on Monday. The total forecast figure has expanded to include the Anadarko region, a growing and prolific shale play that has the second-most operating rigs, at 129, after the Permian’s 373, according to the EIA’s monthly drilling productivity report. The EIA added that the region has become “the target of many producers using improved drilling and completion technology to this already well-established oil and gas producing basin.” Meanwhile, the EIA is combining the Marcellus and Utica regions into a new Appalachia region to help the precision of its productivity estimates. Without the addition, total shale output for September would have been forecast to rise by 106,000 bpd to […]

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